Shares of Simmons First National Corporation (NASDAQ:SFNC) have been given an average rating of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $62.40.

A number of research firms recently commented on SFNC. Zacks Investment Research raised Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday, August 22nd. Stephens set a $64.00 target price on Simmons First National Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Piper Jaffray Companies reiterated a “neutral” rating and set a $60.00 target price on shares of Simmons First National Corporation in a research report on Thursday, October 5th. BidaskClub upgraded Simmons First National Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Raymond James Financial, Inc. upgraded Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 5th.

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In related news, Director Christopher R. Kirkland sold 33,009 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $55.41, for a total transaction of $1,829,028.69. Following the sale, the director now directly owns 168,276 shares in the company, valued at approximately $9,324,173.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eugene Hunt sold 1,200 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $51.62, for a total value of $61,944.00. Following the sale, the director now owns 4,030 shares in the company, valued at $208,028.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 174,802 shares of company stock worth $9,631,084. Company insiders own 4.63% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Eaton Vance Management raised its holdings in shares of Simmons First National Corporation by 8.5% during the 2nd quarter. Eaton Vance Management now owns 62,197 shares of the bank’s stock valued at $3,290,000 after buying an additional 4,885 shares during the period. Vanguard Group Inc. raised its holdings in shares of Simmons First National Corporation by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 2,511,310 shares of the bank’s stock valued at $138,499,000 after buying an additional 138,399 shares during the period. Geode Capital Management LLC raised its holdings in shares of Simmons First National Corporation by 8.9% during the 1st quarter. Geode Capital Management LLC now owns 255,312 shares of the bank’s stock valued at $14,080,000 after buying an additional 20,906 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of Simmons First National Corporation during the 1st quarter valued at about $314,000. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of Simmons First National Corporation by 62.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 14,451 shares of the bank’s stock valued at $797,000 after buying an additional 5,550 shares during the period. Institutional investors and hedge funds own 25.87% of the company’s stock.

Simmons First National Corporation (NASDAQ SFNC) traded up 3.19% on Wednesday, hitting $59.85. 120,735 shares of the stock were exchanged. Simmons First National Corporation has a 12 month low of $45.90 and a 12 month high of $67.00. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 19.77 and a beta of 1.15. The company has a 50-day moving average of $55.33 and a 200-day moving average of $53.51.

Simmons First National Corporation (NASDAQ:SFNC) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $112.56 million for the quarter, compared to analyst estimates of $110.00 million. Simmons First National Corporation had a return on equity of 8.71% and a net margin of 21.03%. On average, equities analysts predict that Simmons First National Corporation will post $3.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.72%. Simmons First National Corporation’s dividend payout ratio (DPR) is 33.00%.

Simmons First National Corporation Company Profile

Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri and Tennessee.

Analyst Recommendations for Simmons First National Corporation (NASDAQ:SFNC)

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